Dimensional Fund Advisors LP recently announced the acquisition of new stake in SunCoke Energy Inc (NYSE:SXC). The institutional investor has increased its shareholding in the Basic Materials company by 0.58% to 6.21 million shares with purchase of 35621.0 shares. This fresh investment now brings its stake to 7.42% valued currently at $57.85 million. In addition, SSgA Funds Management, Inc. raised its holdings by 14489.0 to 4.81 million shares. And Renaissance Technologies LLC has lifted its position by 0.19% or 4800.0 shares – to 2.55 million shares.
With over 0.47 million SunCoke Energy Inc (SXC) shares trading Friday and a closing price of $10.74 on the day, the dollar volume was approximately $5.04 million. The shares have shown a positive half year performance of 36.47% and its price on 12/29/23 lost nearly -2.10%. Currently, there are 83.41M common shares owned by the public and among those 82.66M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for SXC have a consensus price objective of $11.00. The analysts have set the share’s price value over the next 12 months at a high of $11.00 and a low of $11.00. The average price target is 2.36% above its recent price level and an upside to the estimated low will see the stock gain 2.36% over that period. But an upside of 2.36% will see the stock hit the forecast high price target while median target price for the stock is $11.00.
Insiders at the company have transacted a total of 43 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 576,545 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 247,406 shares.
The top 3 mutual fund holders in SunCoke Energy Inc are iShares Core S&P Small Cap ETF, Pacer Fds. Tr. – US Small Cap Cas, and Vanguard Total Stock Market ETF. iShares Core S&P Small Cap ETF owns 5.61 million shares of the company’s stock, all valued at over $52.19 million. The company bought an additional 3108.0 shares recently to bring their total holdings to about 6.69% of the shares outstanding. Pacer Fds. Tr. – US Small Cap Cas bought 38193.0 shares to see its total holdings expand to 3.2 million shares valued at over $29.75 million and representing 3.82% of the shares outstanding. Vanguard Total Stock Market ETF now owns shares totaling to 3.01% of the shares outstanding.
However, the script later moved the day high at 10.97, down -2.10%. The company’s stock has a 5-day price change of -0.09% and 5.81% over the past three months. SXC shares are trading 24.45% year to date (YTD), with the 12-month market performance up to 26.50% higher. It has a 12-month low price of $6.71 and touched a high of $11.20 over the same period. SXC has an average intraday trading volume of 644.81K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.60%, 13.64%, and 22.09% respectively.
Institutional ownership of SunCoke Energy Inc (NYSE: SXC) shares accounts for 88.69% of the company’s 83.41M shares outstanding. Mutual fund holders own 55.71%, while other institutional holders and individual stakeholders account for 77.53% and 33.35% respectively.
It has a market capitalization of $899.58M and a beta (3y monthly) value of 1.23. The stock’s trailing 12-month PE ratio is 16.43, while the earnings-per-share (ttm) stands at $0.65. The company has a PEG of 2.05 and a Quick Ratio of 0.85 with the debt-to-equity ratio at 0.82. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.69% over the week and 2.67% over the month.
Analysts forecast that SunCoke Energy Inc (SXC) will achieve an EPS of $0.13 for the current quarter, $0.12 for the next quarter and $0.59 for 2024. The lowest estimate earnings-per-share for the quarter is $0.13 while analysts give the company a high EPS estimate of $0.14. Comparatively, EPS for the current quarter was $0.14 a year ago. Earnings per share for the fiscal year are expected to decrease by -45.38%, and -9.23% over the next financial year. EPS should grow at an annualized rate of 8.00% over the next five years, compared to -8.71% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate SunCoke Energy Inc (SXC) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 1 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SXC, a number of firms have released research notes about the stock. B. Riley Securities stated their Neutral rating for the stock in a research note on August 03, 2023, with the firm’s price target at $12-$11.
